What people don't understand is that many of these homes are homes that were passed down for generations. These are not wealthy people like many think. They are wealthy because a family member bought the house 100 years ago or a long time ago and its been passed down for generations. The value has gone up so much they can take a reverse mortgage and build a nicer house which doesn't even make a dent in the property value and rent it out when they aren't there or lease it and make 20k a month and live elsewhere. Most of these homes were not owned by celebrities on the beach there. Those are owned by regular people for the most part.